Consider the Simplest Macro Model with a Constant Price Level

question 51

Multiple Choice

Consider the simplest macro model with a constant price level and demand-determined output.If desired aggregate expenditure is less than actual national income,then

• A)inventories begin to fall,causing firms to increase production.
• B)actual national income is below the equilibrium level.
• C)actual national income must be above the equilibrium level.
• D)actual national income must be at equilibrium.
• E)inventories begin to fall,causing national income to fall.

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Definitions:

Illiterate

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The two primary categories of biological sex or gender identity in humans, typically based on reproductive anatomy at birth.

Androgyny

The blending or combination of both masculine and feminine characteristics in an individual.

Gender-Role Stereotyping

The assignment of roles, behaviors, and attributes to individuals solely based on their gender, often leading to limiting beliefs and inequalities.